Using a comprehensive data set on retail prices across the euro area, we analyse within- and cross-country price … rates, income levels and consumption intensities. In addition, we find some indication that price dispersion in the euro …

Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period … 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices … of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price …

model which nests existing closed economy and open economy models as special cases. The model is then estimated for 9 euro … area countries and the euro area aggregate. We find that structural price rigidity is systematically lower in the open …